Jamaica: Trade balance, percent of GDP
* indicates monthly or quarterly data series
| Jamaica |
Trade balance as percent of GDP |
|---|---|
| Latest value | -14.04 |
| Year | 2019 |
| Measure | percent |
| Data availability | 1960 - 2019 |
| Average | -8.81 |
| Min - Max | -29.69 - 5.33 |
| Source | The World Bank |
The latest value from 2019 is -14.04 percent, a decline from -12.85 percent in 2018. In comparison, the world average is -3.47 percent, based on data from 170 countries. Historically, the average for Jamaica from 1960 to 2019 is -8.81 percent. The minimum value, -29.69 percent, was reached in 2008 while the maximum of 5.33 percent was recorded in 1993.
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* indicates monthly or quarterly data series
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The trade balance for Jamaica and other countries is calculated as the difference between the exports and imports of goods and services, as percent of GDP. A positive number means trade surplus and a negative number means trade deficit.
Definition: External balance on goods and services (formerly resource balance) equals exports of goods and services minus imports of goods and services (previously nonfactor services).
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Terms of trade | 102.48 | 2021 | percent |
| Trade openness | 90.11 | 2019 | percent |
| Financial openness | -1.242 | 2021 | index points |
| Exports, percent of GDP | 38.04 | 2019 | percent |
| Exports, billion dollars | 6.02 | 2019 | billion U.S. dollars |
| Growth of exports | 3.63 | 2019 | percent |
| Imports, percent of GDP | 52.07 | 2019 | percent |
| Imports, billion dollars | 8.24 | 2019 | billion U.S. dollars |
| Foreign Direct Investment, percent of GDP | 1.94 | 2023 | percent |
| Foreign Direct Investment, billion dollars | 0.38 | 2023 | billion U.S. dollars |
| Portfolio investment inflows, equities | 4.09 | 2023 | million dollars (current) |
| Current account, percent of GDP | 2.95 | 2023 | percent |
| Current account, in dollars | 0.58 | 2023 | billion U.S. dollars |
| Trade balance, percent of GDP | -14.04 | 2019 | percent |
| Trade balance, in dollars | -2.59 | 2023 | billion U.S. dollars |
| Reserves | 4.87 | 2023 | billion U.S. dollars |
| Remittances, percent of GDP | 19.10 | 2023 | percent |
| Remittances | 3,709.09 | 2023 | million U.S. dollars |
| Net errors and omissions | 490.77 | 2023 | million USD |
| External debt | 104.83 | 2022 | percent |
| Short-term external debt | 17.05 | 2023 | percent |
| Short-term debt to reserves | 53.77 | 2023 | percent |
| Foreign exchange reserves | 5.83 | 3/2025 | billion |